I posted my questions under the "Other Topics' sections and received some good responses (thank you).
Original questions were:
"Do you have a benchmark/indicator (Dow, S&P, NASDAQ) or others that would guide you to adjust your porfolio accordingly?
2. As retirees (I'm ER), do you rely most on a) dividends b) equity appreciation c) bond income d) others?"
Trumpeting_angel suggested that I started a thread for my questions here for some additional comments/suggestions.
Perhaps some background to provide perspective to my questions? For most of my working life, my portfolio has been primarily approximately 90/10 equity/FI allocations. A few months ago, a work related situation enabled me to increase my portfolio significantly. My porfolio became 45/3/52 equity/bond/cash. With the extra cash providing a cushion to living expenses, I intended to take a few months off and then perhaps find a low stressed/low paying job for a year or two before rejoining the rat race. I received some free portfolio analysis from advisors who wanted my money and they were all telling me that I can live off this amount of money (provided that I invested in their products  ). Anyway, I wasn't interested in their products but was interested to hear the assessment.
After some research and number crunchings, I concluded that I can live comfortably with 3% withdrawal in good time and can really tighten to 1.5% in lean time if I have to do so. I'm planning on a target allocations of 45/45/10 equity/FI/cash from today's 45/3/52. Being new to living off my portfolio and fixed income investing, I'm taking my time to research and learn and also the current rising rate environment that is not rising also factors into the indecisiveness.
I'm entitled to a pension from an established company in 19 years and SS in 21/24 years that would more than cover my living expenses but I'm not including any of it in my calculations other than taking comfort in one or two more potential sources of income in the future. So planning on managing my portfolio more closely and also allocating the cash to higher yielding FI instruments were the reasons for my original questions. Thanks for any comments/suggestions that you care to provide.
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